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New details emerge on Meta's $14.3B deal for Scale

In Brief Meta’s deal to partially acquire the AI startup Scale, giving it 49% ownership, is certainly unusual.What Scale officially announced is that the deal values the company at over $29 billion and that it will “distribute” proceeds to shareholders and vested equity holders (aka employees) granting them with “substantial liquidity” while allowing them to continue as shareholders. Meta is also hiring Scale’s famed founder CEO Alexandr Wang, who famously dropped out of MIT at age 19 to build the company, ...